Croatia Industry July 2019

Croatia: Industrial production rebounds in July

September 2, 2019

In July, industrial production rose a solid 3.0% in working-day adjusted terms over the same month last year, rebounding from June’s 5.6% plunge. As a result, the annual average variation in industrial output rose to minus 0.5% in July from minus 0.8% in June.

July’s increase was largely driven by a recovery of manufacturing output, particularly of food products. In addition, production in the electricity, gas, steam and air conditioning supply sector picked up compared to June. Meanwhile, the mining and quarrying sector contracted for the fifth consecutive month in July.

On a month-on-month basis, industrial production jumped 4.8% in seasonally- and working-day adjusted terms in July, contrasting June’s 2.2% slump and ending three successive monthly declines.

FocusEconomics Consensus Forecast panelists expect industrial production to expand 2.4% in 2019, which is up 0.3 percentage points from last month’s estimate, and 2.2% in 2020.

Author:Javier Colato, Economist

Sample Report

Looking for forecasts related to Industry in Croatia? Download a sample report now.

Economic activity moderated in the first quarter on the initial impact from the Covid-19 pandemic, with GDP increasing just 0.4% on an annual basis (Q4 2019: +2.5% year-on-year), marking the worst reading since Q3 2014.

Sign up for our newsletter

Cookies Policy: We use third-party cookies to improve our services by analyzing your browsing habits.
By continuing to use this website you are giving consent to cookies being used. For more information on cookies and how you can disable them, see our "Cookies Policy".
Close